Restaurant chain Sysco Corp. on Monday announced a bottom-line growth of 9.5 per cent for the fiscal third quarter ended on March 27, 2010. Easing economic conditions witnessed higher footfall at Sysco restaurants helping the firm to post better results on a year-on-year basis.

Sysco registered a net profit of $247.6 million, or 42 cents for the quarter as compared to $226.2 million, or 38 cents for the same quarter in the previous fiscal. The company's revenue jumped nearly 2.4 per cent to $8.95 billion beating what was expected by the analysts earlier. Shares of the company climbed over 1.60 per cent pre-market.

Sysco's Chief Executive, Bill DeLaney stated in a statement that the business environment in the country is improving steadily. The company, which is the largest food-service distributor in North America, mentioned in its statement that its case volume grew reasonably during the quarter.

Moreover, Sysco, which witnessed problems last year as many restaurants faced trouble in paying their bills, seemed confident on the fact that the number of defaulters has declined. The restaurant chain has made a bad debt provision of $32 million for the nine months ended on March 27 as compared to $61.6 million for the same period in the previous fiscal.