These were the worst performing ASX 200 shares last week 13 February 2021

The S&P/ASX 200 Index (ASX: XJO) ran out of steam last week and tumbled lower. The benchmark index dropped 0.6% to end at 6,806.7 points.

While a good number of shares dropped with the market, a few recorded particularly severe declines. Here’s why these were the worst performing ASX 200 shares last week:

The CIMIC share price was the worst performer on the ASX 200 last week with a 20.7% decline. The contractor’s shares crashed lower following the release of its full year results for FY 2020. While CIMIC reported a jump in profits, this growth was driven purely by the sale of a 50% stake in the Thiess business. Excluding this sale, CIMIC’s underlying profit fell 25% year on year. Another cause for concern was the…