Exhibit 11.1 MAUNA LOA MACADAMIA PARTNERS, L.P. COMPUTATION OF NET INCOME PER CLASS A UNIT (UNAUDITED) (in thousands, except per unit data) THREE MONTHS SIX MONTHS ENDED JUNE 30, ENDED JUNE 30, ---------------------- --------------------- 1998 1997 1998 1997 ------- ------ ------ ------ Net income (loss) $(1,227) $ 43 $ (558) $ 269 Class A Unitholders (ownership percentage) x 99% x 99% x 99% x 99% ------- ------ ------ ------ Net income (loss) allocable to Class A Unitholders $(1,215) $ 42 $ (552) $ 266 ------- ------ ------ ------ ------- ------ ------ ------ Class A Units outstanding 7,500 7,500 7,500 7,500 ------- ------ ------ ------ ------- ------ ------ ------ Net income (loss) per Class A Unit $ (0.16) $ 0.01 $(0.07) $ 0.04 ------- ------ ------ ------ ------- ------ ------ ------ 12