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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,
 
2012
   
2011
 
(Dollars in thousands, except per share amounts)
 
(Unaudited)
   
(Unaudited)
 
             
Basic and diluted EPS:
           
Loss from continuing operations attributable to Ampal’s shareholders
  $ (214,971 )   $ (16,820 )
Income from discontinued operations, net of tax
    -       34,066  
Net (Loss) income attributable to Ampal’s shareholders
    (214,971 )     17,246  
Earnings per share of Class A Stock:
               
Loss from continuing operations
    (3.83 )     (0.30 )
Income from discontinued operations, net of tax
    -       0.61  
    $ (3.83 )   $ 0.31  
                 
Shares used in calculation
    56,134       56,134