Article: Torch Offshore Announces 2003 Second Quarter Results.

Business Editors/Energy Editors

NEW ORLEANS--(BUSINESS WIRE)--Aug. 8, 2003

Torch Offshore, Inc. (NASDAQ: TORC):

SECOND QUARTER RESULTS

Torch Offshore, Inc. (NASDAQ: TORC) (the "Company") announced today that revenues for the quarter ended June 30, 2003 were $13.9 million, an increase of 7.5 percent compared to revenues of $12.9 million for the second quarter of 2002. Gross profit (revenues less cost of sales) for the second quarter of 2003 was $1.4 million or 9.9 percent of revenues compared to the second quarter 2002 gross profit of $2.2 million or 17.1 percent of revenues. Our second quarter 2003 gross profit was adversely impacted ...

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