EX-11 5 a07-5058_1ex11.htm STATEMENT OF COMPUTATION OF PER SHARE EARNINGS

Exhibit 11

ORIENT-EXPRESS HOTELS LTD. AND SUBSIDIARIES

Statements re Computation of Per Share Earnings
(Common shares means both Class A and Class B)

 

 

Year ended December 31,

 

 

 

2006

 

2005

 

2004

 

 

 

 

 

(restated)

 

(restated)

 

 

 

 

 

 

 

 

 

Net earnings:

 

 

 

 

 

 

 

Earnings on common shares – basic

 

$

39,767,000

 

$

41,539,000

 

$

31,218,000

 

 

 

 

 

 

 

 

 

Shares used to compute basic earnings per common share (weighted average number of shares outstanding)

 

40,692,000

 

38,214,000

 

34,250,000

 

Shares used to compute diluted earnings per common share (weighted average number of shares outstanding assuming the effect of stock options)

 

40,960,000

 

38,534,000

 

34,367,000

 

 

 

 

 

 

 

 

 

Net earnings per common share:

 

 

 

 

 

 

 

Basic

 

$

0.98

 

$

1.09

 

$

0.91

 

 

 

 

 

 

 

 

 

Diluted

 

$

0.97

 

$

1.08

 

$

0.91

 

 

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