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EXHIBIT 11
ORIENT-EXPRESS HOTELS LTD. AND SUBSIDIARIES
Statements re Computation of Per Share Earnings
(Reference to common shares includes Class A and Class B shares)
| Year ended December 31, | ||||||||
---|---|---|---|---|---|---|---|---|---|
| 2002 | 2001 | 2000 | ||||||
| (Dollars in thousands, except per share amounts) | ||||||||
Net earnings: | |||||||||
Earnings on common shares—basic | $ | 25,294 | $ | 29,850 | $ | 39,965 | |||
Shares used to compute basic earnings per common share (weighted average number of shares outstanding) | 30,800,000 | 30,874,000 | 27,813,000 | ||||||
Shares used to compute diluted earnings per common share (weighted average number of shares outstanding assuming the effect of stock options) | 30,858,000 | 30,874,000 | 27,854,000 | ||||||
Net earnings per common share: | |||||||||
Basic | $ | 0.82 | $ | 0.97 | $ | 1.43 | |||
Diluted | $ | 0.82 | $ | 0.97 | $ | 1.43 | |||
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ORIENT-EXPRESS HOTELS LTD. AND SUBSIDIARIES Statements re Computation of Per Share Earnings (Reference to common shares includes Class A and Class B shares)