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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

NINE  MONTHS ENDED SEPTEMBER 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
  $ (220,777 )   $ (76,247 )
Income (loss) from discontinued operations, net of tax
    (341 )     33,916  
Net Loss attributable to Ampal’s shareholders
    (221,118 )     (42,331 )
Loss per share of Class A Stock:
               
Loss from continuing operations
    (78.66 )     (27.16 )
Income (loss) from discontinued operations, net of tax
    (0.12 )     12.08  
    $ (78.78 )   $ (15.08 )
                 
Shares used in calculation
    2,807       2,807  

(*)Retroactively adjusted to reflect a reverse stock split.