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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,
 
2012
      2011*  
(Dollars in thousands, except per share amounts)
 
(Unaudited)
   
(Unaudited)
 
               
Basic and diluted EPS:
             
Loss from continuing operations attributable to Ampal’s shareholders
  $ (218,217 )   $ (56,163 )
Income from discontinued operations, net of tax
    -       34,066  
Net Loss attributable to Ampal’s shareholders
    (218,217 )     (22,097 )
Earnings (loss) per share of Class A Stock:
               
Loss from continuing operations
    (77.75 )     (20.01 )
Income from discontinued operations, net of tax
    -       12.14  
    $ (77.75 )   $ (7.87 )
                 
Shares used in calculation
    2,807       2,807  
(*) Retroactively adjusted to reflect a reverse stock split.