Exhibit 11.1
AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES
SCHEDULE SETTING FORTH COMPUTATION OF LOSS PER SHARE OF CLASS A STOCK
| NINE MONTHS ENDED SEPTEMBER 30, | 2005 | 2004 | ||||||
|---|---|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | (Unaudited) | (Unaudited) | ||||||
| BASIC and diluted EPS | ||||||||
| Net Gain (loss)(1) (2) | $ | (6,563 | ) | $ | (3,232 | ) | ||
| Gain (Loss) per Class A Share | $ | (0.33 | ) | $ | (0.16 | ) | ||
| Shares used in calculation(2) | 19,950 | 19,829 | ||||||
| (1) | After deduction of accrued preferred stock dividends of $150 and $160 respectively. |
| (2) | In 2005 and 2004, the conversion of the 4% and 6-1/2% Preferred Stock and the exercise of stock options were excluded from the diluted EPS calculation due to the antidilutive effect. |
