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Exhibit 11
AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES
SCHEDULE SETTING FORTH COMPUTATION OF EARNINGS PER SHARE OF CLASS A STOCK
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<CAPTION>
SIX MONTHS ENDED JUNE 30, 2000 1999
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(Amounts in thousands, except (Unaudited) (Unaudited)
per share data) (Note 2)
BASIC EPS
<S> <C> <C>
Income from continuing operations............... $ 8,255(1) $20,846(1)
Loss from discontinued operations............... - (711)
--------- -------
Net income..................................... $ 8,255 $20,135
========= =======
Earnings per Class A share:
Earnings from continuing operations............ $ .44 $ .87
Loss from discontinued operations.............. - (.03)
----- -----
Earnings per Class A share...................... $ .44 $ .84
===== =====
Weighted average number of Class A
Shares outstanding............................. 18,747 24,105
DILUTED EPS
Income from continuing operations............... $ 8,397 $21,014
Loss from discontinued operations............... - (711)
-------- -------
Net income..................................... $ 8,397 $20,303
========= =======
Earnings per Class A share:
Earnings from continuing operations............ $ .38 $ .76
Loss from discontinued operations.............. - (.03)
----- -----
Earnings per Class A share...................... $ .38 $ .73
===== =====
Weighted average number of Class A Shares
outstanding assuming Conversion of preferred
stock into Class A shares and the exercise
of stock options............................... 21,785 27,716
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(1) After deduction of accrued preferred stock dividends of $142 and $168,
respectively
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