Royal Hawaiian Orchards (NNUTU) 10-Q 2004 Q2 Quarterly report

Exhibit 11.1

ML MACADAMIA ORCHARDS, L.P.

Computation of Net Income (loss) per Class A Unit (unaudited)

(in thousands, except per unit data)

	Three months ended June 30,						Six months ended June 30,
	2004			2003			2004			2003
Net loss	$	(161	)	$	(185	)	$	(256	)	$	(328	)
Class A Unit Holders (ownership percentage)	x	99	%	x	99	%	x	99	%	x	99	%
Net loss allocable to Class A Unit Holders	$	(160	)	$	(183	)	$	(254	)	$	(325	)
Class A Units outstanding	7,500			7,500			7,500			7,500
Net loss per Class A Unit	$	(0.02	)	$	(0.02	)	$	(0.03	)	$	(0.04	)