Ampal-american Israel 10-Q 2006 Q2 Quarterly report

Exhibit 11.1

AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES

SCHEDULE SETTING FORTH COMPUTATION OF LOSS PER SHARE OF CLASS A STOCK

SIX MONTHS ENDED JUNE 30,	2006		2005
(Dollars in thousands, except per share amounts)	(Unaudited)		(Unaudited)
BASIC EPS
Net Gain	$	806	$	4,217
Gain per Class A Share(1)	$	0.03	$	0.20
Shares used in calculation		20,701		19,937
DILUTED EPS
Net Gain	$	806	$	4,217
Gain per Class A Share	$	0.04	$	0.19
Shares used in calculation		22,548		22,346

⁽¹⁾ After deduction of accrued preferred stock dividends of $90 thousands and $100 thousands respectively.