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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

SIX  MONTHS ENDED JUNE 30,
 
2011
   
2010
 
(Dollars in thousands, except per share amounts)
 
(Unaudited)
   
(Unaudited)
 
             
Basic and diluted EPS:
           
Loss from continuing operations attributable to Ampal’s shareholders
  $ (56,163 )   $ (12,760 )
Income from discontinued operations, net of tax
    34,066       2,788  
Net Loss income attributable to Ampal’s shareholders
    (22,097 )     (9,972 )
Earnings per share of Class A Stock:
               
Loss from continuing operations
    (1.00 )     (0.23 )
Income from discontinued operations, net of tax
    0.61       0.05  
    $ (0.39 )   $ (0.18 )
                 
Shares used in calculation
    56,134       56,134