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Exhibit 11.1
 
AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES
 
SCHEDULE SETTING FORTH COMPUTATION OF EARNINGS (LOSS) PER SHARE OF CLASS A STOCK

             
THREE  MONTHS ENDED MARCH 31,
 
2011
   
2010
 
(Dollars in thousands, except per share amounts)
 
(Unaudited)
   
(Unaudited)
 
             
Basic and diluted EPS:
           
Loss from continuing operations attributable to Ampal’s shareholders
  $ (16,820 )   $ (9,290 )
Income from discontinued operations, net of tax
    34,066       2,160  
Net (Loss) income attributable to Ampal’s shareholders
    17,246       (7,130 )
Earnings per share of Class A Stock:
               
Loss from continuing operations
    (0.30 )     (0.17 )
Income from discontinued operations, net of tax
    0.61       0.04  
    $ 0.31     $ (0.13 )
                 
Shares used in calculation
    56,134       56,134