Ampal-american Israel 10-Q 2007 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,	2007			2006
(Dollars in thousands, except per share amounts)	(Unaudited)			(Unaudited)
BASIC EPS
Net Loss as reported	$	(8,212	)	$	806
Gain per Class A Share	$	(0.17	)	$	0.03	(1)
Weighted average number of shares used in
calculation (in thousands)		47,574			20,701
DILUTED EPS
Net Loss as reported	$	(8,212	)	$	806
Gain per Class A Share	$	(0.17	)	$	0.04
Weighted average number of shares used in
calculation (in thousands)		47,574			22,548

⁽¹⁾ After deduction of accrued preferred stock dividends of $90 thousand.