(Adds earnings date, background)
Feb 12 (Reuters) - New Zealands's Fletcher Building Ltd said on Monday it had started discussions with lenders regarding an expected breach of covenants in its financing arrangements, stemming from further losses expected in its building and interiors business.
The company also extended its trading halt on its shares until Feb. 14, saying that a review of key projects in its building and interiors business was still under way.
The biggest company in New Zealand's booming construction sector last week flagged its fourth earnings downgrade in less than a year, as soaring labour costs pushed its major projects into losses. It then requested a trading halt pending a review of its building and interiors business, and said losses in the unit would be bigger than its previous forecast of NZ$160 million($115 million).
Shares in the company have dropped about 22 percent in 12 months, following a string of earnings disappointments. The firm clocked a larger-than-expected loss in its profits for fiscal 2017. It is expected to report its first-half 2018 results on Feb. 21.
(Reporting by Ambar Warrick in Bengaluru; editing by Andrew Roche)
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